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Approaching Major Support *RES 4:....>

EURO-YEN TECHS
EURO-YEN TECHS: Approaching Major Support
*RES 4: 118.76/82 50-dma / High Apr 13
*RES 3: 117.94 High Apr 14 and key near-term resistance
*RES 2: 117.50 High Apr 16
*RES 1: 117.22 High Apr 22
*PRICE: 116.05 @ 10:47 BST Apr 23
*SUP 1: 115.87 Low 2019 and multi-year low
*SUP 2: 115.37 0.765 projection of Mar 25 - Apr 2 decline from Apr 7 high
*SUP 3: 115.00 Round number support
*SUP 4: 114.85 Apr 2017 low
A bearish EURJPY focus remains in place. The cross has extended its slide this
morning breaking through the 116.13 support, Mar 9 low. The move lower has
exposed the next major support at 115.87, Sep 3, 2019 low and also last year's
lowest print. A break of this level would represent an important technical
breach and open 115.37, a Fibonacci projection and 114.85, the Apr 2017 low.
Resistance is at 117.22., yesterday's high.

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